OGE Energy Corp

Good day everyone and thank you for standing by. Welcome to OGE Energy Corp 2026 second quarter earnings and business update call. At this time all participants are in a listen only mode. After the presentation there will be a question and answer session. To ask a question you will need to press star 1 1 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question please press star 1 1 again. Please be advised that today's conference is being recorded. Now it's my pleasure to hand the conference to Casey Strange, Investor Relations Senior Manager, for opening comments.

Thank you, Carmen, and good morning, everyone, and welcome to our call. With me today, I have Sean Trauschke, our Chairman, President, and CEO, and Chuck Walworth, our CFO. In terms of the call today, we will first hear from Sean, followed by an explanation from Chuck of financial results, and finally, as always, we will answer your questions. I would like to remind you that this conference is being webcast and you may follow along at OGE.com. In addition, the conference call and accompanying slides will be archived following the call on that same website. Before we begin the presentation, I would like to direct your attention to the safe harbor statement regarding forward-looking statements. This is an SEC requirement for financial statements and simply states that we cannot guarantee forward-looking financial results but this is our best estimate to date. I will now turn the call over to Sean for his opening remarks. Sean?

Thank you, Casey. Good morning, everyone. Thank you for joining us today. This morning we reported consolidated earnings of 56 cents per share. Before Chuck discusses our second quarter financial results, I'll spend a few minutes on the actions and milestones that are shaping the remainder of 2026. To start, I want to recognize our team for their stellar work following severe weather in June and July. In each instance, their response was both safe and swift, and it reflected the best of our company, a strong commitment to reliability and service to our customers, and I'm grateful for our crews, operations and customer service teams, and everyone who was involved. We continue to make progress on several important filings that support our ability to serve growing customer needs while protecting affordability for our customers. We filed the Google Special Contract on May 1st in Oklahoma and that filing now has a procedural schedule and we're pleased to have a defined path forward and expect this matter to move toward resolution before the end of the year. On June 17th, we also filed our Oklahoma Large Load Tariff. This filing establishes a framework for serving loads greater than 75 megawatts that is aligned with recently passed state legislation. Importantly, The tariff is designed to support economic development and new low growth while protecting existing customers. It also reflects the spirit of the White House Ratepayer Protection Pledge, which we recently signed. And I'll join the Oklahoma governor and legislative authors in a couple of weeks in support of Oklahoma's Data Center Consumer Ratepayer Protection Act. We're approaching consumer protections from all angles and leading the way with our tariff, which goes further than any of these other measures. We're putting words into action by doing everything within our power to protect customers from increased costs. The key components of the tariff include funding upfront 100% of the cost to connect to the grid, a minimum 15-year commitment, minimum billing and collateral requirements, along with early termination and capacity reduction fees, a consumer protection charge, which provides a regulatory backstop if future impacts to existing customers emerge, and lastly our proposed customer affordability charge would benefit residential customers to the tune of 25 to 30 million annually for a typical one gigawatt data center. Over time, we believe high energy demand customers like data centers can help bring down costs for all customers, but only when they connect to the grid under the regulated electricity model, which is consistently proven time and time again to provide the lowest cost electricity for all customers. Our tariff proposal is one of the ways we balance growth, reliability, and affordability for the customers and communities we serve, while remaining aligned with the laws in Oklahoma and Oklahoma Corporation Commission policies. Looking ahead, we remain focused on executing the key regulatory milestones that support our long-term plan. There is a positive proposed order for the Frontier Storage project from Commissioner Bingman's office, and we expect it to be adopted in short order. In 2026 alone, we will add 550 megawatts to the grid with Horseshoe Lake and Tinker. We will add another 300 megawatts next year from the Frontier Storage Project. The Horseshoe Lake units 13, 14, and 29 will add another 450 megawatts. We've averaged the addition of roughly 300 to 400 megawatts of capacity per year, and we will need to increase that to meet the growing demand on our systems. We intend to make multiple filings throughout the balance of this year as we finalize evaluations and negotiations out of the RFP, and you could possibly see a filing this quarter. We continue to prepare for an Oklahoma rate review this quarter as well, and we are also monitoring SPP transmission notices to construct currently expected in the fourth quarter. And there's certainly a lot to be excited about, and our regulatory filings and policy efforts are designed to position the company for long-term success while making sure customers continue to benefit from a reliable, affordable system. That foundation supports the next phase of investments needed to serve increasing demand across our service area. Thank you, and now I'll turn the call over to Chuck. Chuck?